Dublin, Sep 23, 2022 (GLOBE NEWSWIRE) – The report “Global Home Security System Market Report 2022: By System, Component, Security Type and End User” has been added to ResearchAndMarkets.com Show.
The global market for home security systems is expected to grow from $3.92 billion in 2021 to $3.96 billion in 2022, at a compound annual growth rate (CAGR) of 1.2%. The growth is mainly due to companies resuming their operations and adapting to the new normal while recovering from the impact of COVID-19, which earlier led to restrictive containment measures including social distancing, remote work and closing of businesses which led to operational challenges. The market is expected to reach $4.08 billion in 2026 with a compound annual growth rate of 0.7%.
North America was the largest region in the home security systems market in 2021. Europe was the second largest region in the home security systems market. The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
The application of artificial intelligence (AI) and deep learning in home security systems is shaping the home security system market. Artificial intelligence is used in home automation for patterns of human behavior and for the automation of home appliances. It is used in daily home activities as a security system and acts as a technology in improving the home security system market. For Instance, in 2021 Samsung, a home security-based company, integrated AI-based Bixby voice control that can identify individuals in the home. The user can control the device by voice through the Samsung TV. It has a technology to display the person standing in front of the door and works as a home security system.
The increasing use of Internet of Things (IoT) devices is expected to drive the growth of the home security systems market over the forecast years. The Internet of Things (IoT) refers to the system of objects connected to the Internet that can collect and transmit data over a wireless network without human intervention.
In terms of home safety, IoT security solutions are used to gain a better understanding of who enters and exits the facility in real time, reliably and securely monitor facility conditions from anywhere with a Wi-Fi connection, and important security notifications are sent directly to their mobile device, allowing them to act quickly.
1) By system: fire protection system; video surveillance system; access control system; Entrance Control System Intruder Alarm System
2) By component: hardware; Programming; Services
3) By security type: professionally installed and monitored; Self-installed and professionally monitored; do it yourself (DIY)
4) By the end user: Condominiums. Apartments; independent homes
Main topics covered:
1. Executive Summary
2. Home security system market characteristics
3. Home security system market trends and strategies
4. Impact of COVID-19 on the home security system
5. Home Security System Market Size and Growth
6. Home Security System Market Segmentation
7. Regional and Country Home Security System Market Analysis
8. Asia-Pacific Home Security System Market
9. China Home Security System Market
10. India Home Security System Market
11. Japan Home Security System Market
12. Australia’s home security system market
13. Indonesia home security system market
14. South Korea home security system market
15. Home security system market in Western Europe
16. UK home security system market
17. Germany home security system market
18. France market home security system
19. Eastern Europe Home Security System Market
20. Russia market home security system
21. North America Home Security System Market
22. USA home security system market
23. South America home security system market
24. Brazil Home Security System Market
25. Middle East Home Security System Market
26. Home security system market in Africa
27. Competitive home security system market and company profile
28. Major Mergers and Acquisitions in the Home Security System Market
29. Home security system future market forecast and potential analysis
- ADT LLC.
- Honeywell International Corporation
- Johnson Controls International plc
- Hangzhou Hikvision Digital Technology Co., Ltd. Ltd.
- Assa Abloy AB
- Robert Bosch GmbH
- United Technologies Co
- Godrej & Boyce Mfg. Ltd.
- Allegion plc
- 4 . control
- Schneider Electric
- Nortek Security & Control LLC
- Vivint Company
- live google
- Loop Labs Inc.
- Canary Connect Inc.
- Scout Security
- simple and safe
- Securitas AB
For more information on this report, visit https://www.researchandmarkets.com/r/5zc2ef
Global Home Security System Market